Ahead of this evening’s potential sovereign credit rating update from Fitch, Citi note that “Ireland remains a solid credit and is likely to rank the highest within the Eurozone over 2024 in terms of GDP growth, budget balance, debt/GDP and 2024 net supply as a % market size.”

• “We expect the upside rating momentum to be maintained. However, Fitch put Ireland on a positive outlook just 4 months ago and made any upgrades contingent on further reduction in debt/GDP and risk to public finances from corporate tax revenues and might wait to observe these trends for now.”